Unicorn Alert 🦄

Credit Suisse with a $3.2B exit

March 24, 2023

M&A

J.P. Morgan acquired Aumni (investment analytics software).
UBS acquired Credit Suisse (financial services) for $3.2B, making them the Unicorn-of-the-Week.
- Alfred Escher, Credit Suisse’s founder, was called “the spiritual father of the railway law of 1852,” which sounds like something on my bingo card of criteria VCs look for in founders in 2023.

*transactions have been announced but may not be closed

Fundraising

Adeptia (B2B data integration) raised $65M in a growth round led by PSG.
Cast AI (cloud spend optimization) raised $20M in a round led by Creandum.
Coactive (image and video data) raised $10.4M in a Series A led by Andreessen Horowitz and Bessemer Venture Partners.
DragonflyDB raised $21M across a Seed round led by Redpoint Ventures and a Series A led by Quiet Capital.
Emma (multi-cloud management) raised $6M in a Seed round led by RTP Capital.
Emporia Research (expert-based research) raised a round led by Revelry Venture Partners.
eToro (investing platform) raised $250M at a $3.5B through an Advanced Investment Agreement (AIA).
Fundpath (asset management technology) raised £4M in a Seed round led by Fuel Ventures.
IntegrityNext (supply chain ESG) raised €100M from EQT Growth.
IPRally (patent search) raised €10M in a Series A led by Endeit Capital.
Numbers Station (data stack automation) raised $17.5M in a Series A led by Madrona.
ROOK (health data) raised $1.7M in a Pre-Seed round led by NuFund Venture Group.
Rwazi (market intelligence) raised $4M in a Seed round led by Bonfire Ventures.
Secuvy (data security) raised a round led by Dell Technologies and WestWave Capital.
Seldon (MLOps) raised $20M in a Series B led by Bright Pixel Capital.
Sifflet (data stack observability) raised $12.8M in a Series A led by EQT Ventures.
Skupos (retail industry technology) raised $22.5M from Brex Asset Management and SQN Venture Partners.

People Moves, Promotions, and Appointments

Gustavo Bernal Torres joined BMO Global Asset Management as VP, ESG Integration Manager.
Amy Fisher joined Muir AI as Director of Sustainability Partnerships.
Natalie Greenwood joined Analytics8 as Managing Director.
Seth Masters joined the Board of Directors of Alexandria Technology.
Adam Mincham was promoted to SVP, Head of Go-To-Market at Blend360.
Justin Schmidt joined Ondo Finance as President & COO.
Evan Schnidman joined the Board of Directors of Alexandria Technology.
Kevin Smith joined RightData as SVP of Marketing.
Luca Zorzino was promoted to Partner at Illuminate Financial.

New Firm Alerts

Bill Williams and Nate Rackiewicz launched Luminate AI, a relationship-driven AI solutions partner led by Chief Data Officer operators. luminateai.co

Founded inside Goldman Sachs by Rohan Doctor, Louisa Connects has spun out to become an independent company. The company provides a revenue enablement platform connecting the expertise & relationships of everyone in an organization. louisaconnects.com